Dynamic NFTs

EDCON 2023 · 23 May 2023 · 8:15

Solange Gueiros, a developer advocate at Chainlink Labs, explains how NFTs can change in response to rules, conditions and external information. She discusses examples such as scores, career milestones and weather, and introduces the use of Chainlink to connect these changes to dynamic NFT applications.

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From EDCON 2023, hosted by EDCON.

Transcript

hello everyone now I missed our starting a new part of the conference talking about the nfgs I know that we have more talkies related to nfts uh so I am I working let's see what happened now here ah yes uh I am a developer Advocate at training clubs so I talk about Dynamic nfts and a bit how you use chain link to make your nfg Dynamic but first of all let's talk about the concepts we know that infj represents something can be a punk it can be a ticket can be a apartment any things of real estate or

posts or badges or trending cuts but this is a nfg and for now most part of them are still staticy but the idea is that the future out of the nfts will be dynamic like here it's not it's an image not animation but this is a INF Chief from lamelobo the player and he has an FG that is updating with his scores in basketball and I'd like to say that I am a dynamic nfg because I am Munich I have a unique DNA in the same way you are a dynamic nft

because you are unique as well but why we are dynamic because I'm being old day by day I hope to not be fat but my body can change so because of this I can say that I am unique but I am a dynamic because I need changing day by day hour by hour and when I talk about to be dynamic and especially in your business you need to talk about what are the rules or the conditions to have your nft Dynamic to update your nfg can be a score like I told before

related to the basketball player can be some career highlights including since you are a kid and you are growing and getting your grades on school can be about your experiences for example we have the the bow up the proof of attending scene events and this can be uh we have pop-ups for different events but what about to have your master pop that can be uh applicable without the events that we we want or how the travels that we did and we can have nft related to the world weather for example imagine I insurers that can be paid or

can be changed related to what's happening it's raining it's a sun they and when we talk about this kind of rules you can put these rules in different ways but one good way or when possibility of this is using all the costume data dynamic nft and first of all Oracle is any kind of data service or external result resources that you can use inside your smart content in our case inside your nft and let's talk a bit about chaining

because chain link is one article one of the big articles and talking about how we can use different Oracle strategies for example I can use uh information from the market I I have one example that I used to do in workshops is like I'm monitoring the it with USD asset and I have an emoji if the price goes up I'm happy if the price goes down I'm set if the price is nothing I do nothing but this is updated like per minute per hour per day using a dynamic nft

another example using proof of reserving imagine that you have an nft that is like a kind of an alarm where if you have if you like issue more of an asset then we have on collateral this is a red sign this can be updated like uh in automatically way for example uh talking about automation this is so interesting and I will show you an example that I used to do in my workshops smart contents they are like passive agents some external agent must come away smart content can be like your account can be

another smart content but it must be colored as well or can be a kind of automation you can have an automation like in a centralized selfie but training has this Automation in a decentralized way automation you can put out the rules that you'd like okay for example I have even that is a flower that is growing first rule I have a collection of nfts my flower collections only the last nfg second rule uh I have three stages in my flower so if the flower is in the last

stage are you not to upgrade anymore and I can do this in automatically way and for example I have another neck fatigue yes it's called I'm using random numbers so the nft is changing his color is changing her face using a random number generators so this is a kind of ideas to update nfts and make your Dynamic your nfts dynamic and this is uh this is one more example this is so new like we have functions now that you can cut our JavaScript code inside your smart content to update an

nft this is another possibility for you and this is the flower that I told you before is this I have with the the seed the flower is growing and the flower is done and I'm doing this using infg and the flower can change the color can be so different because when it is the seed you don't know what's happened what color have my flowers and then at the end they have a flower that can be purple can be red can be yellow and if you'd like to get this presentation this is the most important slide for you I will stay a minute here and I I really enjoy to to teach a basic

concepts and talk with beginners and I try to talk in our in our way uh to be Judah and to be sure that all the beginners can understand as well I know that this is a adverse conference but I hope that taoki for beginners can be useful for you as well and let's be together I hope to see you around the world and I hope that you create dynamic nfcs in our places and I think it's just thank you so much [Applause]